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Released June 26, 2019 | SUGAR LAND
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China's waning steel prices and the U.S.-China trade war are slowing down Southeast Asia's steel companies' increasing production capacity, owing to concerns of a surplus and a return to previous low market conditions several years ago.
Vietnamese steel maker Formosa Ha Tinh Steel is reviewing its plan to build a third blast furnace in its integrated steel mill, and Hoa Phat Group is delaying its plans of launch a new blast furnace. Indonesia's Krakatau POSCO still aims to increase capacity to 10 million tons per year by 2025 despite huge challenges.
Vietnamese steel maker Formosa Ha Tinh Steel is reviewing its plan to build a third blast furnace in its integrated steel mill, and Hoa Phat Group is delaying its plans of launch a new blast furnace. Indonesia's Krakatau POSCO still aims to increase capacity to 10 million tons per year by 2025 despite huge challenges.
